Fund Supply/Demand: Increased demand pushes prices up, while increased selling pressure pushes prices down.

Underlying Asset Performance: VEU.AU tracks a global ex-US index, so its price reflects the performance of the companies within that index. Strong performance raises ETF prices, while weak performance lowers them.

Currency Fluctuations: Changes in the AUD relative to other currencies impact VEU.AU’s price, as it holds international assets. A weaker AUD increases the ETF price, while a stronger AUD decreases it.

Market Sentiment: Broad market optimism or pessimism towards international equities can influence VEU.AU's price. Positive sentiment increases demand, while negative sentiment increases selling pressure.

Interest Rates: Changes in global interest rates can impact company valuations within the VEU.AU portfolio, thus indirectly affecting its price. Higher rates may reduce valuations.

Economic Data: Global economic releases such as GDP growth, inflation figures, and employment data influence investor sentiment and can impact VEU.AU’s price.

Geopolitical Events: Global events, such as political instability or trade wars, can create uncertainty and affect international markets, influencing VEU.AU’s price.